ELFY vs FPWR

ELFYBALPS Electrification Infrastructure ETF

FPWRCFirst Trust EIP Power Solutions ETF

In short

ELFY Cap-weighted theme funds let one winner run the show. ELFY equal-weights roughly 80 US generation, transmission, distribution and smart-grid names, so the grid-gear companies stay the story. Live since 2025 at 0.50%.

FPWR The stock-picker in a category of index trackers. First Trust hands the keys to energy-income specialist EIP, which assembles a power portfolio (grid, gas, nuclear, storage) balanced between dividends and capital appreciation.

Stated mandate

ELFY ELFY seeks pre-fee, pre-expense results that generally track the Ladenburg Thalmann Electrification Infrastructure Index. Its investment objective is non-fundamental and may be changed by the Board without shareholder approval.

FPWR The Fund seeks competitive risk-adjusted total returns balanced between dividends and capital appreciation.

Why people hold it

• ELFY Equal weighting is the design, not a footnote: every holding gets the same slot, so no single winner can balloon and crowd out the transformer and grid-gear names.hubspotusercontent-na1.net
• Costs 0.50% a year, below the median for its electrification peers and well under VOLT (0.75%) and FPWR (0.96%).
• Roughly 80 mid- and large-cap US names spanning generation, transmission, distribution and smart grid, one of the broader, better-spread builds in a small peer group.hubspotusercontent-na1.net
• Passive and rules-based: it follows the Ladenburg Thalmann Electrification Infrastructure Index, so the sector mix comes from published rules, not a manager's hunch.

• FPWR Actively run, not indexed: sub-advisor Energy Income Partners picks the names, aiming for risk-adjusted total return split between dividends and capital appreciation.eipinvestments.com
• The mandate spans the whole electricity chain: generation, transmission and distribution, grid solutions, storage, nuclear life-extension and small modular reactors, gas and uranium.sec.gov
• Picks-and-shovels included: engineering, consulting and construction firms qualify when at least 50% of revenue or profit comes from energy and utility work.sec.gov
• Income is built into the design rather than incidental, and the fund distributes on a quarterly schedule.

Worth knowing

• ELFY Launched in April 2025, so how it behaves through a full market cycle isn't on the tape yet.
• Trading is moderate rather than heavy and the asset base is mid-size, so spreads can widen when markets move fast.
• One theme, utility and industrial heavy, and equal weight gives smaller names as much pull as giants, so swings can run wider than a broad-market fund's.hubspotusercontent-na1.net

• FPWR Active talent costs: 0.96% a year, while index-based rivals ELFY and ZAP charge 0.50% and GRID 0.56%.
• A small fund that trades lightly, so the bid-ask spread can matter as much as the expense ratio when you enter or exit.
• It traded as the First Trust EIP Carbon Impact ETF (ECLN) until September 2025, when the strategy and name changed, so earlier results reflect a different mandate.businesswire.com

Full ELFY profile⁠

Full FPWR profile⁠